For the last 200 years it is a correct assessment, but if you are old enough, comparing 2014 with 1999 in almost every aspect (except, bitcoin  ): living conditions, income and work load in US for a majority of the population are much worse in 2014, no question about it. Creeping unrecognized inflation; long term unemployment; higher premium, but worse medical plans-we have it all. Because of high unemployment, people have difficulty changing jobs and/or moving, etc., etc. I am trying the Piketty book-it seems that he got something right there regarding the cause of this situation, but I am not sure what solutions (if any) are possible. Maybe if people stopped consuming 105% of their salaries "because I deserve this treat". Their deficit is the businesses' earnings, which goes to stockholders, people who saved so they could invest. I have heard of many bad things the government does, but never found an explanation for people digging themselves into debt and acccelerating the treadmill of hedonic adaptation on which they are barely keeping up. I have to think that's their own doing. What about people like me that don't waste any time because they don't have any money to waste to begin with? nice bullshit there to think as if everything fits in (ohh, people in missfortuned economical positions deserve it). Guess what: Nope. Also, even these poor working class people that thought oh fuck, I deserve something nice for once, and bought a nice car or went to Hawaii for a vacation or god knows what, they aren't also responsible for such an action because a series of hormonal, neuronal, enviornmental phenomena (which at the same time interacts with their minds and bodies) made them choose whatever they choosed to do. Do they deserve living a shitty life being the slave of a bank for life because of that? objectively they dont. |
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As to technological unemployment, it is indeed a good thing. Nay, a fantastic thing. A world without a demand for anyone to work except those who are highly technically skilled would clearly be a world of plenty.
With our market economy as it stands, the world you describe would be a world of plenty for the technologists only. The masses, whose labour would no longer be needed, would have no money with which to buy these plentiful goods. Just think about it: no one needs anything non-technical done; that means no non-technical need is going unfulfilled: no one is hungry, because if there were any shortage of food there would be demand for farmers.
Needs would still go unfilled, because people without jobs would not have the money to pay for them. That would be paradise, a situation where you don't need to work at all and you can still experience a higher standard of living than you do now.
The question that has intriqued me for some time is how we transition from a market economy to the paradise you describe. Because although the paradise you describe is one possible future, another is that only the 0.01% who are needed to maintain the machines live in a paradise, and the remaining 99.99% are destitute. roy All of this is answered in the upper post I made. Any kind of monetary-ism needs to go, it's part of evolution. This step is key. Whatever needs human labour will be done out of voluntarism. Think about it, if there is tons of voluntarism in the current system, a system that doesn't give a fuck about people and it's basically a scam, imagine if the system was a true economy designed for the well being of everyone. It would feel like you are actually contributing to something meaningful, instead of wasting your time being a wage-slave for a luck-privileged guy. |
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Unemployment, insofar as it is involuntary, is mostly the result of minimum wage laws. With Bitcoin it becomes pretty hard to enforce those laws. If a high school student who is unable to find work wants to sell her anime drawings that take her four hours to make for only $10 ($2.50 per hour) and get paid in bitcoins via Tor, who can stop her?
That's baloney... Unemployment is much more complicated an issue than merely the level of minimum wage laws. There are a variety of infrastructure issues and societal concerns about the distribution of wealth. If companies and the rich decide how profits are distributed, then they are going to maintain high unemployment in order to exploit workers and there is NO incentive to invest in the infrastructure if there is NOT a decent system of government to protect various assets and making those kinds of infrastructure investments. A very complex issue indeed, and bitcoin is NOT going to solve all of these kinds of political problems, even though bitcoin can contribute towards resolving some monetary corruption problems.. and to potentially provide a deflationary investment vehicle for the masses. yeah, the issue is split almost 50/50 at research institutions/universities about whether raising minimum wage is good or bad. there is no consensus, so what you believe is just what you believe. What does consensus have to do with anything? http://en.wikipedia.org/wiki/Argumentum_ad_populumThis is basic economic logic: you institute price caps you get lack of sellers (shortages), you institute price floors (in this case minimum wage) you get lack of buyers (in this case employers). Note that welfare isn't relevant - there's a reason I said "insofar as it is involuntary"; welfare results in some people voluntarily going on the dole, remaining unemployed. -- As to technological unemployment, it is indeed a good thing. Nay, a fantastic thing. A world without a demand for anyone to work except those who are highly technically skilled would clearly be a world of plenty. Just think about it: no one needs anything non-technical done; that means no non-technical need is going unfulfilled: no one is hungry, because if there were any shortage of food there would be demand for farmers. No one is unclothed, because if there were any shortage of clothes there would be demand for weavers, etc. And if you'll say that any shortage of clothing will just be met by more machines, YES, that's the whole point and it's great! It means, again, there is no shortage of clothing. Clothing is not in demand. But still more miraculously, no people (or very few people) are required to devote their labor to achieve this state of affairs. It's the whole reason you buy a dishwasher, for example, freeing you up to do something you think is more fun or valuable than washing dishes by hand. You're not working anymore because you don't need to do the work. You're either doing some other work that needed doing, or - if there is no other work at all that needs doing - you're living in a paradise, since all your needs that could be met by any kind of human labor are already met. You don't even need a shoulder massage, because if you did you could hire someone to do that and that would be a non-technical job created, contradicting the initial assumption. This would be paradise, a situation where you don't need to work at all and you can still experience a higher standard of living than you do now. On the way there, we'll have intermediate situations where you can work only part time with no reduction in life quality, then only 5 hours a week, then a few minutes a week will do it. Finally most people won't work at all unless they want to enjoy an even higher standard of living or if they just want to occupy themselves with something for the fun or psychic reward of it. There is absolutely nothing to be afraid of about this scenario. And keep in mind at no time is the unemployment involuntary in such a future. It's people working less because they care little to better their already quite nice situation by toiling for hours a day; instead they will work only a few hours a week, or eventually not at all - all the while enjoying an increasing standard of living. Legit. The problem is, people's brains aren't advanced enough for such an scenareo. Also, for such an scenareo to happen, private property as we knowing must basically dissapear. Things will be lended. Say you need whatever device to do whatever task, like record a movie or whatever, you ask for any free cameras and you get one sent, when you are done you send it back and some other person uses it. Think about it: How much shit do you have at home sitting that never get's used, that other people could be using? For this scenareo to happen, any monetary exchange must also be gone. Since there isn't any kind of money, there aren't fears of people storing shit because it has no value, as people lend shit instead of buying it, using it 30 minutes then forgetting about it. But like I said before, while we have people that literally enjoy other people's bad luck and enjoy their good luck position, things will not change. |
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I try to have long term goals but it's very discouraging when you can't have any savings since it goes to pay basic needs, so you cannot start any sort of meaningful life proyect. I've already given up on owning my own place and bringing girls there and generally living like a normal healthy human being. Im stuck in my parents house for life until I inherit it or some shit.
When I was 12 I realized I need to get to Helsinki or I would be stuck in a village where the distance to the nearest elementary school is 25 km and employment was about 30%. (My brother currently runs the farm and both parents are working outside in addition, to make the ends meet.) So I needed to undergo the following, among others: - Working on farms (several employers), potatoes, picking strawberries, manufacturing & selling products, general farmwork, to raise money - Buying and playing every title of the Sid Meier's Civilization series to enhance strategic thinking - Saving money whenever possible, especially never buying a drink (even at my own sophomore party), always drinking from the toilet tap, going a whole day without drinking if tap water wasn't available, walking up to 8 km habitually just to save money, never buying clothes or food until 18 - Investing in stocks in the age of 16, in Russian market when 18, it went down 75% in 2 weeks since I bought - Biking 22 km/day instead of taking a subsidized bus, to save money; hopping off bus 1 km early because the fare was cheaper - Delivering spam to ppl's mailbox, twice per week, up to 830 mailboxes at a time, while trying to study - Scavenging the trashbins for food, living up to 6 weeks without even once buying groceries, during uni - Falling victim to multiple scams and money-making schemes - First company went bankrupt and due to good luck, I did not end up losing all - Second company was still making loss after 5 years, so essentially I subsidized it with my time and lived off wife's salary - An arm of the government of Finland confiscated all my assets once for 7 months, no charges, no compensation - Only occasionally had a car or two (or up to 8 when we had a car rental agency) - Never owned real estate before buying the castle ... - Making my first million at the age of 29, a mere 17 years after making the commitment to do so.
=> Make a target and stick to it. The unalterable laws of statistics favor the determined, if you just roll the ball enough many times  17 years sounds like much, but really if you are now 23, you'll then be 40. Not everyone who is 40 has a million euros! Also you are older in the beginning, so it's possible you can do it ~4 years sooner just for that reason. Then the general speed of things has increased a lot, shave off an additional 2 years. So at 34, you'll be a millionaire!What people need to see is that most millionaires make their money by NOT SPENDING. Risto demonstrates this mentality throughout his post. Saving all your money gives you money to invest when opportunities come around. I have never wasted a penny on drugs or any kind, I barely waste any money because I have barely any money to waste to begin with, everything goes to fundamental stuff (read Maslow's pyramid). |
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So rpietila is starting a Bitcoin illuminati Rothchild Bildercoin group from hell. Meanwhile im unemployed and still don't have an entire BTC. Financial freedoom  What's your age range and your skills? Rpietilla is in his late 30s I think (even though some of his pictures look older.. he he he), so he has had some opportunities (and most likely should admit luck) to have achieved a form of financial freedom - nonetheless, NO one's financial freedom is completely ensured unless they are sure that their assets are sufficiently diversified and hedged. Also, the person must be able to live within the means of the passive income from the assets. Accordingly, there may be a need to continuously monitor the status of such "financial freedom" - unless the wealth buffer remains sufficiently great in order to make any threat to "FF" a non-issue. Im in my mid 20's and my skills aren't anything that can be moniterised, or that can give you more than peanuts, I like music and as you can see I can type in english but I cant teach it because my acccent is shit as I dont have any english friends. My country has the most unemployment in europe. Even if I had skills I would be fucked anyway. Bitcoin doesnt solve this. Bitcoin isn't a cure-all. It can solve some issues regarding economy and politics, but it won't solve unemployment. You can however use trading to make money - even if you start small. And I do live in Greece btw where unemployment is like 30% / young unemployment is over 60%. The primary problem is not Bitcoin, the socioeconomic environment etc etc. These are excuses. 99% of the people don't have a vision of what they want to achieve. They live life as life comes to them instead of planning it. Once you have a proper vision, and reinforce it through your subconscious (subconscious programming, visualization etc), stuff will start falling into place. With no vision/purpose, you can't do much. Your body and mind are like a car that goes circles - with no destination. Trading is too risky and not worth if you are playing with peanuts, whenever i've tried trading I fuck half it up of the times. Whatever happens happen, im not responsible for it and no one is. In a way we are just discovering our lifes which are already determined, this is a hard thing to grasp. This is also why objectively no one deserves to be poor or rich, or be be punished because they killed someone or what not. I mean of course we need to lock "the bad guys" for our own safety, but it's not their fault. Like a I said, it's a hard thing to grasp. If you are interested in digital currency why not enrol in the MOOC Digital Currency course through Uni of Nicosia? The 3 month introduction is free and the rest of the Masters course is expensive but they are handing out grants to the underprivileged. Otherwise, try experimenting with your attitude. A determined, positive outlook surely beats hopelessness, give it a try. So what do you study here exactly and how would that help me getting a job anyway? Is it too technical? Im not a technical person, im not cut for that. Technical persons weren't technical persons until the day they started to learn technical stuff. And they are technical persons because of a success of events that lead them to start learning about technical stuff, and their succed then depends on their genetics. I have been put in a place where I should be learning technical stuff but im simply not good at it. It get desperate when trying to learn coding. It's unfortunate but it's the way I react to it. I didn't choose to be like this. |
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In regards to Monero and TOR, it's clear at least to me now that TOR is shit and apparently the privacy as been broken or something, I don't really know because im not a technical person and never used it but that's what i've read, so Monero is going to use i2p so here you have bigger reasons to bet on Monero and forget the rest of shitty anon coins.
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So is the future of Bitcoin either stagnation or civil war? There seem to be quite a few issues that appear to completely divide people. I'm not trying to be hyperbolic here, but I can't imagine anything but a 'war' resulting from any major change to Bitcoin that would require a hard fork. Minor issues get blown out of proportion already.
I think FIAT will still exists pretty much forever as in as long as we have governments, because fiats inherent to goverments, but people is free to put 50% in BTC and 50% in FIAT, duality is everything under uncertain situations. |
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What hashrates are going getting with your computers? It could be nice to have a list with the hashrates depending on what you are using to mine, because I think it's not worth it for me to mine anymore, and I don't have the time to test it.
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I bought some QRK last year and im still holding them, im just keeping them for diversity's sake for as long term it's hard for me to be safe at night beyond Bitcoin and Monero.
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If you have the server power to maintain a lot of different coin action at once then yes it's better, of course im not sure if it's good to support in exchanges coins that are clearly shit and contribute nothing to the cryptoworld but then again this is one of the side effects of non regulated markets. gotta deal with it.
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Anyone that invested in this is going to have a long time to be nervous about it as it seems the IPO is extended for a long time until people will see good results. Im still deciding about investing at least 0.1 or so just in case I can get some BTC off it, but as long as long term goes im not sure.
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Do you think UNO will grow slowly in the future when cryptocurrencies are something mainstream and popular and UNO is still around and due rarity, it still keeps slowly growing as some sort of desirable asset to have? Im still deciding if I want to keep my UNO or dump.
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Doesn't Poloniex have a long graphic about volume? Im not sure about the rest of the exchanges tho.
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Is this coin legit dead? I mined some of it when it came out, I expect a good pump off it in an AuroraCoin fashion but guess what: Nothing happened.
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I invested on this last year, and I still haven't seen any gains. When will this coin take off? It's the only coin I invested actual FIAT with it.
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There are no benefits beyond POW. All the rest are just trying to be "innovative" for the sake of being innovative and trying to give people a reason to invest on their shitty coins.
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I would say Virwox is still the fastest way to get BTC. If you are in a hurry Virwox is just quick as hell and pretty safe, of course the fees are big as fuck so you are warned.
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10K is the bare minimum the 99% of us aka missed the boat gang can make life changing gains off Bitcoin over the course of the next years, hopefully before we are too old to enjoy the gains.
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Scams cam happen with FIAT and do happen on a daily basis. It's one responsability to try to not get scammed. Of course the authorities will help you more if it's FIAT money what you've lost and not cryptomoney tho, this is true.
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Tried to get my dad to buy one and he says he can't trust it. So yeah, most people don't want to risk a single penny on it it seems. Some friends did buy like 0.1. What kind of gains do you expect in 5 years off 15 BTC tho?
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